City of Racine - File #: Res.15-0412

• File #: Res.15-0412
• Version: A
• Name: Small Business Development Revolving Loan Program
• Type: Resolution
• Status: Passed
• File created: 11/3/2015
• In control: City Attorney's Office
• On agenda: 11/3/2015
• Final action: 11/3/2015
• Title: Small Business Development Revolving Loan Program Resolved, that the document titled "Small Business Development Revolving Loan Fund Program Policies" is approved and the Department of City Development Staff are authorized to take all necessary and prudent measures to implement the program. Fiscal Note: The Community Development Committee and Common Council allocated $371,454.00 of Community Development Block Grant (CDBG) funds through the 2015 Annual Plan for the purposes of assisting business, and, as such, there are sufficient resources available to fund this project.
• Sponsors: James Morgenroth
• Related files: 15-00855

Date	Ver.	Action By	Action	Result
11/3/2015	A		Adopted
11/3/2015	A	Common Council	Adopted	Pass

Sponsor

Alderman Morgenroth

Title

Small Business Development Revolving Loan Program

Resolved, that the document titled "Small Business Development Revolving Loan Fund Program Policies" is approved and the Department of City Development Staff are authorized to take all necessary and prudent measures to implement the program.

Fiscal Note: The Community Development Committee and Common Council allocated $371,454.00 of Community Development Block Grant (CDBG) funds through the 2015 Annual Plan for the purposes of assisting business, and, as such, there are sufficient resources available to fund this project.